Seven projects will share in the funding, which will see the construction of 260 housing units across the city as part of the Rapid Housing Initiative.

The company intends to convert the three-building site into a combination of residential units and commercial spaces.

An investment of nearly $14.6 million from the federal government will help recapitalize Toronto’s Home Energy Loan Program, which encourages building owners to make energy-efficient retrofits.

Public Services and Procurement Canada has awarded a contract worth more than $21 million to the companies in joint venture to manage the construction of the bridge deck replacement.

The cost to build the Kingsway Entertainment District arena project has jumped from a projected $98 million to nearly $215 million. Council will vote Tuesday on whether to cover the massive shortfall.